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Oil futures settle lower, with U.S. prices down nearly 9% for the week

Oil futures settle lower, with U.S. prices down nearly 9% for the week

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Oil futures declined Friday, with U.S. prices down a seventh session in row, posting a loss of nearly 9% for the week. Concerns over the demand outlook and delays to a return to some form of normality in September forced a “reappraisal of the economic outlook as we look towards the autumn months,” said Michael Hewson, chief market analyst at CMC Markets UK.

...read full article on Market Watch

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